ETF Commodity Type: Palladium
ETFs, or exchange traded funds, are investment vehicles that track a particular index, sector, or commodity. Palladium ETFs are ETFs that track the price of palladium, a rare metal with a wide range of industrial uses. Palladium is primarily used in the production of catalytic converters for automobiles, but it is also used in electronics and jewelry. Palladium ETFs offer investors exposure to the palladium market without having to purchase the metal directly. ETFs are traded on major exchanges and can be purchased through most brokerage firms. ETFs typically have lower fees than traditional mutual funds and can be more easily traded.